Member Info for johnychainlocker

Until more people actually write to FCA or their MP and bring it to their attention and do something instead of just moan about it!

(Not personally directed at you Apoth)

Hi Mary, taken a position here just this am at 117.7

Reassures me to see you already here

@Smythsmoneybox

'Nail on the Head' mate

I for one am absolutely lost with what is going on here. The shorts dragged the price down to 17p'ish by taking their shorts up to 9.6%. A huge increase in selling, and understandable then to see price drop.

The price has risen by nearly 50% since then and the shorts appear to be STILL holding around the SAME total - that in itself is a mystery.

PI's almost seem to have disappeared today and it's all bots trading.

The price has dropped but my own belief is that shorts have not increased today but are buying, so why the drop? I'm 'Donald Ducked' if I know!!

I know the market is supposed to be 'forward looking' so could that be a reason the price is where it is?, BUT if that's the case, you would have expected the rise to keep going.

How many times have we seen buys outweighing sells and sells outweighing buys and the price not doing what you would expect from that.

Something, and I don't know what, is just making me feel that one or two hedgies are actually 'buying' their way out and as usual the algos are working that out for them. No science behind this but like I say I haven't got a clue what's going on here and it's just a pure guess on my part.

We will find out soon and then anyone is open to yah-boo me, with knobs on if they want,

Still holding for the long term, will add if it drops to 30p, but I've given up trying to understand this one, and will just hold out for next update

Also looks like some slippy handed nervous PI's are playing straight into the hands of the Hedgies by selling, whilst they play their game of bluff.

Hold firm peoples!

To some extent yes Janbo, but look at Marshall Wace, it's just that they do it very gradually and it's hardly noticeable until when end of day figures are revealed, but common sense tells you that they have to be reducing, look at the volumes. These big volumes are not PI's

True bro, and the huge risk they take in the meantime is further large contract announcements, or a nice RNS dropping in out of the blue. That's when the brown stuff truly hits the rotating thing on the ceiling!

It really is a risky game for them, but these guys are pros, and so far they are getting let off fairly lightly. All this talk of 'burn, burn' etc etc are sentiments only. The only ones with scorched fingers are the ones who got ahead of themselves and started adding to their shorts in the 20 p's. The rest, so far, are extricating themselves very nicely, keeping the price below 40p'ish

What we all need is a very juicy RNS, then watch the fun start!

I go along with Mav Janbo.

That is exactlythe way they reduce their short. They obviously don't place individual orders for small amounts like 2200, they will form part of a very large order with the MM and it will be split down over a period of time.

It's exactly the same process,as say when Berkshire Hathaway wish to take a large position in Company XYZ. They will place the order with their broker and the broker will execute for them at least cost. They don't wish to advertise to the market that Berkshire Hathaway are buying into XYZ as the consequences would be obvious. It's the way it works for good customers.

Who exactly they are working for here is, as you say unclear, it could be any of the shorting companies

V. Interesting oilhead. Can see it in action on trades.

08:52:40 - 2 bot transactions for 2200 and 6600 marked as sells at 38.50p

Exact same amounts were bought back at 08:58:40 at price of 38.48p

Illustrates exactly how the bots work.

Large sell order is placed with the MM who then executes for them in smaller amounts - has small effect on price, but drops slightly all the same.

The reverse happens a little later and although the differences are small (38.5-38.48), when it's all multiplied up, the price is controlled whilst the Hedgie exits, buying slightly more than selling all the time, and also making money in the process, ofsetting the losses incurred.

My interpretation only

There's been an awful lot of off-book trading these last 3 days- shorters-returning shares methinks?

Marshall Wace reduced again yesterday

Totally agree Bro-ken

"Following the Office of Fair Trading (OFT) report concluding that the Stock Exchange's delayed publication rules may be anti-competitive, another report has criticised the rules. The report found that only a small percentage of market makers use the 90 minute delay in publication to lay off their risk"

90 MINUTES?? What about 7 HOURS!!

All this releasing of delayed data is also dodgy . If people had seen the price above 40p at 0800 this morning going to 45p, day traders would have been piling in in their droves. Delaying it like this and showing the price at below 40p because the Hedgies brought it back down immediately once open to 'public' view, took all the 'momentum' away early doors. Scandalous!

Convinced they are already buying back in quite good numbers, esp. yesterday and today (to go out on a limb).

Amazing the way they can control the price with their algo bots - shouldn't be f***** allowed, It's manipulation of the price, not 'investing'. This high frequency trading has turned the stock market over the years into more of a casino than it ever was before even!

Time stamp seems to be 0800hrs, p'raps explains?

And marked as unknown!!?

Think they've been asleep, however certainly worthwhile re-posting

Nicely put clunge, good advice.

See everybody later , day traders hold on to your recent purchases, LTH's don't need telling

Nice 100,000 buy just gone through @ 41.02p, above ask at the time of 39.42